Ronin will transition from an independent sidechain to an Ethereum Layer 2 network based on OP Stack on May 12, ending its mode of operation as a gaming sidechain that began in 2021. This migration is expected to cause approximately 10 hours of downtime and will reduce the RON annual inflation rate from over 20% to below 1%. Ronin suffered an approximately $625 million cross-chain bridge attack in 2022, which remains one of the largest bridge attacks in DeFi history.

RON-0.22%
ETH-1.5%
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